The chances are that you have an employee right now that is not meeting the required standards of performance or behaviour. Such employees have a direct impact on the productivity and the profitability of the organisation and depending on their role, may have consequences ranging from lost clients to safety risks and workplace accidents, to the resignations of fellow staff members.
Prevention is better than cure in the case of poor performance. So, while you may be in a position where you need to be able to take corrective action, keep in mind that developing strategies to minimise performance management matters is the goal. Employee engagement is one such practice which should be a top priority for your business.